Wednesday, October 14, 2009

'Cash for Clunkers' Ends, So Do Auto Sales

In the wake of the highly popular government program that purchased people's old cars so they would buy new ones in order to jump start the economy back to life, auto industries were able to keep their heads above water, and continue to function in the rough economic times. However, now that the government stimulus program has been brought to an end, auto sales have wasted no time in dropping right back down. A small drop was to be expected, but the real test will be if the auto companies will be able to continue on their current path towards getting out of the recession.

Cash for Clunkers ending will produce a drop in the economy, but more importantly, it will show to the people of America that the economy is coming back. Slowly but surely our economy is crawling back up and out of this massive recession that has enveloped the country, so that eventually we will be back up to the efficient superpower we have been.

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